(A) There is hereby created in the office of the Auditor of Tippecanoe County a separate fund to be known as the Local Income Tax Rainy Day Fund.
(B) Monies may be deposited into such fund from donations, transfers and from such other sources as may be determined by the County Council from time to time.
(C) Monies may be expended from such fund by the Board of Commissioners subject to appropriation by the Tippecanoe County Council, for the purposes for which other local income tax funds may be expended.
(D) Interest on such fund shall be deposited to the county general fund.
(Res. 2020-33-CM, passed 12-7-20)